Housing Families Inc

Analysis

Housing Families Inc is a registered charity in United States, based in Malden, MA. It received its IRS tax-exemption ruling in March 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Housing Families Inc reported income of $14.3m and spending of $13.1m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.5m to $14.3m (+120%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Housing Families Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Bolivar County Community Action Program Inc ($14.3m), St Lukes Home ($14.3m) and Northwestern Ohio Community Action Inc ($14.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $218k (1.7% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $6.5m against liabilities of $1.7m, net assets of $4.8m. It reported 98 employees.